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Eni combines two oil fields in Egypt

Italian energy company Eni is combining the Meleiha and Meleiha Deep oil blocks in Egypt’s Western Desert Region under the name Merged Meleiha.

Italian energy company Eni announced that it has signed an agreement with the Egyptian General Petroleum Company (EGPC) and Russian private oil company Lukoil for the merger of the rich Meleiha and Meleiha Deep oil blocs it discovered last year in the Western Sahara Desert region in western Egypt.

The agreement will enable the evaluation of important resources of the region through high resolution 3D seismic studies and intensive exploration and development work in the rich oil basin in Egypt’s Western Desert.

The agreement will also allow the license in the combined Meleiha and Meleiha Deep blocks to be extended until 2036.

ENI’S ROLE IN EGYPT WILL STRENGTHEN

Eni, who has been working in Egypt since 1954, said that the construction of a new gas purification plant to be connected to the Western Desert Gas Complex in Alexandria will allow greater use of the region’s gas reserves and strengthen Eni’s role as the largest gas producer in Egypt. stated.

The company will leverage the skills of local contractors already involved in the implementation of key projects in Egypt, including the rapid development of the giant Zohr gas field.

Eni searches through its subsidiary IEOC in Egypt. Agiba, a joint venture of EGPC and Eni, will hold a 76 percent stake in the field, while Lukoil will hold a 24 percent stake.

News2Sea

The opinions expressed herein are the author’s and not necessarily those of News2Sea.



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